When you borrow money you agree to pay it back.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Think about your market and what people are willing to pay a premium for.

It's hard to find a cash flowing rental in this area, but paying all cash certainly helps!

The small daily fee you will pay for social posts of your airbnb (doesn't have to be direct booking site) will pay off in one booking.

Never in the history of the Federal Reserve have prices gone down for any notable period of time.

I purchased my first SFH (3 bed, 2 bath) and currently have a tenant paying $850. 

Your tenants can only continue paying similar rents if they remain employed at similar wages.

For now, my immediate goal is to pay off all of my credit card debt (should be accomplished by February 1.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

I think RI will continue to appreciate and over time as you(tenants) pay down the mortgage creating more equity.